Zuckerberg’s Big Deal to Stay in California
The agreement that Mark Zuckerberg, Meta’s chief executive, cut to stay in California underscores businesses’ fears about a major tax proposal.
TL;DR
- Mark Zuckerberg negotiated a deal with Meta's board to stay in California.
- This deal is a public sign of companies addressing risks associated with a potential tax on billionaires.
- The news emerged alongside Meta's positive quarterly earnings report, detailing soaring revenue and AI spending.